CSR PROPOSALS, ATTRACTING NON-CHINESE BETTORS KEY IN BIDDING PROCESS

In a recent set of executive regulations, the government has updated the stipulations regarding the bidding process for casino licenses in Macau.

The set of executive regulations was promulgated yesterday, but was enacted July 2, a day after its codification.

The set of regulations is officially referred to as the Amendments to the Executive Regulations Regulating the Public Tender for the Attribution of Concessions for the Operation of Games of Chance in Casinos, the Concession Contract and the Requirements of Suitability and Financial Capacity of Competitors and Concessionaires.

Yesterday also saw the issuance of a statement from the Executive Council (ExCo) on the discussion of the set of regulations.

Normally, the ExCo discussion should happen prior to the promulgation of executive regulations. The reason behind this delay may be the fact that public services were limited in the past two weeks.

During previous discussion of the gaming law amendments in the parliament, the government first introduced the idea of offering monetary rewards to future casino operators if the latter managed to attract non-Chinese visitors to gamble in their casinos.

This proposal, which is now law, has been included in this updated set of regulations. The plan to attract non-Chinese gamblers will add points to their grading in the bidding process.

Source: https://macaudailytimes.com.mo/csr-proposals-attracting-non-chinese-bettors-key-in-bidding-process.html